HDFC Bank – Supporting house-building to build the nation
A home, however, requires the physical structure of a house. And in building a house, financing is the most important aspect. This is where HDFC Bank comes in.
Over the years, we have offered financial support for countless families to build houses. This is in accordance with our vision to realize the dream of shelter for all in Sri Lanka. Every family in this country deserves a place to call a home.
To enable people to achieve their aspirations, commitment is important. To do this on a large scale across the country, it becomes absolutely necessary.
In accordance with our mandate, we are working with renewed vigour to help middle and lower-income earners realize their housing dreams. The sad fact is that even today, the less privileged face problems in building homes. There are obstacles that prevent them from achieving their aspirations. Many people simply cannot afford this. Other issues include irregular incomes and the lack of land to be offered as security.
Hence, providing financial support for house-building is imperative. HDFC Bank over the years has helped 99,763 number of families to realize their housing dream. The loans range from amounts as low as Rs.200,000 to several millions depending on the security and monthly repayment capacity.
Today, HDFC Bank which benefits from its state-private ownership structure is the only institution of this nature in this country. The government has a 51% controlling stake while private companies and individuals hold a 49% share. This unique combination offers the stability and efficiency provided by the state coupled with private sector efficiency.